Arabic News Weekly Edition for Economics, 10/27/1997
Weekly Edition, Economics - Week of October 27, 1997
- Daewoo invests in Morocco as its industrial base for Africa Morocco, Business, 11/1/1997
- German fashion show in Egypt
Around 1,000 Egyptian and German social figures were expected to show up during an event, which is to display the latest production of famous German fashion designers. Egypt, Economics, 11/1/1997 - Cairo international fair next March
Rent per one square ranges between $50 and $100 U.S for foreign exhibitions and 40 to 60 Egyptian pounds (about $11 US) for Egyptian exhibitors. Egypt, Business, 11/1/1997 - Croatia, Egypt to sign trade memo
The Croatian-Egyptian talks kicked off yesterday after the signing of a memorandum of understanding on promoting trade between the two states. The memo regulates the exchange of commercial information and organizing fairs and visits for trade missions. Egypt, Economics, 11/1/1997 - European loan to develop Aqaba port
The Jordanian government is trying to develop the port of Aqaba by adding new docks to the port in order to encourage more exports especially those of potassium and phosphates which are the leading Jordanian exports. Jordan, Economics, 11/1/1997 - World Bank calls for international conference without Israel
Differences over the participation in the MENA Conference due to be held in Qatar should not encumber efforts to increase the Arab economic cooperation. Regional, Economics, 10/31/1997 - Oil prices expected to increase
recent developments in Iraq's relations with the Security Council and the political circumstances in the Gulf will lead to an increase in the prices of oil. Regional, Economics, 10/31/1997 - 1000 international companies attend Saudi Construction Exhibition
The variety of companies and their increased number reflect Saudi optimism for an increase in the contracting process in the coming years. Saudi Arabia, Business, 10/31/1997 - Israeli Industries Union head visits Egypt
An Egyptian economic source said that the director of the Israeli Industries Union will deliver an invitation to his Egyptian counterpart Dr. Abdel Moneim Saudi to visit Israel in order to increase the cooperation between the two countries. Egypt-Israel, Economics, 10/31/1997 - Investment soars in GCC states
Industrial investment in Gulf Arab countries jumped by 23.5 percent in 1996 as the states pushed ahead with a drive to diversify their oil-reliant ecnomies. Gulf Region, Economics, 10/31/1997 - Saudi businessmen to France
Aside from the official delegation, several hundred professionals from Saudi Arabia like construction managers, engineers, architects, decorates, and contractors are also expected to travel to Paris. Saudi Arabia, Business, 10/30/1997 - Budget to reach $9 billion next year
Taxes are the main source of money for the budget as they are expected to reach $4.7 billion in addition to the income from oil and gas, the profits from state-owned organizations, grants, and the money of the social funds which could reach $1 billion. Tunisia, Economics, 10/30/1997 - Ad training center by 98
The center would provide a foundation training course for new entrants to the industry, mainly school leavens, and will also offer career development courses for those already working in advertising and related disciplines. Gulf Region, Economics, 10/30/1997 - Qatari-Japanese talks
The chairman of the board of Qatar General Petroleum Company (QGPC), and his accompanying delegation also met with the Japanese National Oil Company president to discuss oil and gas cooperation. Qatar, Economics, 10/30/1997 - Morocco and France sign a number of agreements
During the visit of French Minister of Economy and Finance Dominique Strauss-Kahn to Morocco, he signed an agreement with his Moroccan counterpart Idris Gato through which the Moroccan debts to France worth 600 million francs were settled. Morocco, Economics, 10/29/1997 - Biggest airlines stops flights to Morocco
Liberty stated that it will stop its flights to Morocco and will close its branches in Casablanca to protest being denied the permission to increase its number of flights to Casablanca. Morocco, Business, 10/29/1997 - Kuwait Airways corporation lands in Tunis Kuwait, Business, 10/29/1997
- NAMA signs petrochemical production deal
The Arabian Industrial Development Company has signed a license and technical services agreement with the Japanese company Showa Denko to build epichlorohydrin project in Jubeil city in Saudi Arabia. Saudi Arabia, Business, 10/29/1997 - Egyptian bourse not affected by international crisis
The number of transactions in the Egyptian pound reached 1,558 transactions in which 1,485,872 stocks were circulated during the past five days out of the total number of stocks which is 5.236 million. Egypt, Economics, 10/29/1997 - Increasing Egyptian cotton exports to Washington
The Egyptian Minister of Trade and Supply stated that Egyptian exports to the USA in the weaving, textile, and clothes industry achieved a 16% increase during the period between January and July 1997. Egypt, Business, 10/29/1997 - Tunisian South Bank achieves profits of 5.87 million dinars
The Tunisian South Bank which is the 6th biggest bank in Tunisia achieved profits worth 5.87 million dinars during the first half of the current year with an increase of 36.61% compared to a 4.23% increase during the same period last year. Tunisia, Business, 10/29/1997 - Another first: phone books in Palestine
Company sources said in the beginning there will be some 70,000 numbers available with the capability of adding 10,000 more lines within a short term. The PNA areas, so far, are hooked to Israel's telephone network and have no international dialing code of their own. Palestine, Business, 10/28/1997 - New oil pipeline in Tunisia
Statistics issued by the Ministry of Industry showed that the Tunisian production of energy resources increased during the first 6 months of the current year to reach 424 thousand tons compared to 120 thousand tons within the same period last year. Tunisia-Kuwait, Economics, 10/28/1997 - Kuwaiti seminar held on petroleum manpower
The authority is facing major challenges which can be summarized in two main points, the rapid technological developments which are directly related to the Kuwaiti economy and the need to restructure the supply of human resources in a way convenient to meet market demands. Kuwait, Business, 10/28/1997 - Stock prices lower in Middle East Regional, Economics, 10/28/1997
- IMF supports Egypt's foreign investment
Dr. Atef Ebied, minister of public enterprise, who attended the meeting, told reporters that Egypt's economic growth rate has reached 5.2 percent and the inflation rate has dropped to 6.2 percent, at least 3 percent lower than expected. Egypt, Economics, 10/28/1997 - Italian hand to the Egyptian industries
The Italian delegation discussed means of upgrading Egypt's industry and supporting the competitiveness of small and medium industries through transferring the latest Italian technology in different fields in addition to improving administrative and technical skills of personnel. Egypt, Economics, 10/28/1997 - Jordan health care strike off Jordan, Business, 10/27/1997
- Lufthansa resumes flights to Lebanon
In another sign of returning confidence in Lebanese efforts to reconstruct from civil war destruction, Germany's flagship carrier Lufthansa on Monday resumed flights to Beirut after a 14-year stoppage Lebanon, Business, 10/27/1997 - Expand aluminum industry
The technical meeting of Aluminum industry in the Gulf Cooperation Council states recommended the expansion of intermediate aluminum industries. Gulf Region, Business, 10/27/1997 - Tanzania seeks Egypt's expertise
Moussa asked the Tanzanian side to speed up studies on draft agreements to eliminate double taxation and encourage and protect investment. Egypt, Economics, 10/27/1997 - Japan sends aid for Palestinian schools Palestine, Economics, 10/27/1997
- Electrical equipment exhibits home grown companies
Egypt, Saudi Arabia, Bahrain, Libya, Algeria, Syria and more than 80 Arab and Syrian companies specializing in the electrical equipment and industries are participating in this exhibition. Syria, Business, 10/27/1997